“Will transit and intercity rail projects be a major
component of the infrastructure stimulus package, rather than focusing
on highway projects?“
– John B, Chicago

Here’s the response given by incoming White House Press Secretary Robert Gibbs in a video:

“Yes, John, transit and intercity rail projects will
be a major component of the President-elect’s infrastructure program.
Not only will they provide jobs to help get this economy moving again,
but they’ll reduce our dependence on foreign oil, cut the amount of
carbon in our atmosphere, clean our air, and more importantly, improve
the quality of life for millions of Americans.”

Amtrak would receive $1.5 billion in the bill for the purchase of new equipment, improvements to track and catenary, and service expansion. States would get $3.4 billion
for their own rail projects, some of which would probably go towards
California’s developing high-speed rail system, which is likely to need
start-up funds in the coming months. The rest of the funds would likely
to go to states like North Carolina and Michigan, which have dedicated
rail investment programs.

An overview of the bill (PDF)
has been posted on the House Transportation and Infrastructure
Committee’s website. State Departments of Transportation would have to
develop quick action plans for how to utilize the funds, and would have
to submit various reports to the federal government on their progress (PDF) to ensure accountability (PDF).
In addition, states that fail to define the use their allocated money
within 90 days would have their funds revoked and sent back into the
general pool and to be used by other states. If, for example, Wyoming
decides that it has little to do with the $10 million that is allocated
to it for transit, that money can be reused by other states.

Sounds like a good way to make the stimulus a little more future proof.